China overtakes US to become biggest trading nation

China has overtaken US to become the world's biggest trading nation in goods. Photo: Bloomberg

China's customs administration said the combined total for imports and exports in Chinese goods reached US$3.87 trillion in 2012, edging past the US$3.82 trillion trade in goods registered by the US Commerce Department.

Tuesday, 12 February, 2013, 5:29am

HK losing luxury shopping appeal

Mainland shoppers are increasingly buying luxury goods locally, turning away from high-end stores in Hong Kong and abroad, according to a survey by a communications company.

27 Jul 2012 - 12:00am

Luxury flat prices to grow, says Kerry

Kerry Properties forecasts prices of luxury residential units will grow a further 10 to 20 per cent as new supply remains tight.

4 May 2012 - 12:00am

Company sates appetite for premium products

Founded in 1895 as a shipping and trading company, first in Hong Kong and later Shanghai, by seafaring men Jacob Jebsen and Heinrich Jessen, Jebsen & Co's historic ties to the Middle Kingdom have positioned its brand as the premium marketing, distribution and logistical service representing consumer goods, beverage, industry products and luxury items including motor vehicles.

16 Apr 2012 - 12:00am

Luxury goods losing their shine

After years of steady growth thanks to strong demand from deep-pocketed mainland tourists, jewellery shops should brace for tougher times, with sales growth in luxury goods including jewellery and watches slowing for a seventh straight month.

3 Feb 2012 - 12:00am

Mainland shoppers' luxury letdown

Although Chinese consumers are among the world's biggest spenders on luxury goods, they do not always get the treatment they deserve from top brands, an industry expert says.

12 Jan 2012 - 12:00am

Chinese luxury brands seeking to come of age

While China is well on its way to becoming the largest luxury market in the world, a number of home-grown companies are ambitious to make their own names known in an arena long dominated by foreign brands.

2 Jan 2012 - 12:00am

Mainland luxury market on pace for 30pc growth

The mainland's luxury goods market is expected to grow by 30 per cent this year as young consumers snap up coveted watches and leather hand bags despite a slowing economy.

16 Dec 2011 - 12:00am

Brand thinks small to go big in China

Diamond jewellery retailer Harry Winston has finalised plans to launch three stores on the mainland next year, including its largest worldwide in Shanghai, to target more sophisticated clientele in the fast-growing luxury goods market.

12 Dec 2011 - 12:00am

Last frontier of luxury retail: small-town India

The evidence was staring them in the face. But it has taken the global luxury brands a long time to realise just how much money is tucked away behind the grime, ugliness and squalor of India's small towns.

25 Oct 2011 - 12:00am

INVESTORS see the light

With its rich architectural and cultural heritage, luxury properties in Paris are consistently in demand, not only by the French but also by wealthy international individuals.

8 Jul 2011 - 12:00am

All good things come to an end

Sometimes it is useful to be reminded that the good times do not always last forever. The central government's announcement that it plans to cut the import tax on luxury goods to as little as two per cent has caused unease among Hong Kong retailers and landlords, whose soaring incomes have been driven by mainlanders on spending sprees.

5 Jul 2011 - 12:00am

Caution is urged as retail sales hit HK$33b

Retail sales in Hong Kong last month rose to a new high of HK$33.1 billion, surpassing even the boom in April.

But an industry chief warned the 'retail bubble' could burst as it was being driven primarily by mainland tourists.

While retail sales jumped 27.8 per cent year on year, most of the growth was fuelled by inflation and spending by tourists.

5 Jul 2011 - 12:00am

Sorry, we're full. Luxury brands find China taken

With China, the fastest-growing market for luxury products in the world, the first challenge faced by international brands in the mainland market is where to locate their outlets.

They may have to wait for a year or longer to secure a prime site in major cities because of competitive demand for space and limited supply, according to property consultants.

13 Jun 2011 - 12:00am

The heels are alive

Branded IPOs are hitting Hong Kong. In a city equally obsessed with shopping and investing, luxury-retailer listings make a lot of sense.

13 Jun 2011 - 12:00am